The Idaho Public Utilities Commission (PUC) has scheduled a public workshop for early in February to discuss concerns that have been raised by a proposal from Intermountain Gas Co. to curtail customers with gas-fired snow-melting equipment in the midst of peak-demand periods (see Daily GPI, Dec. 15, 2009). Intermountain told the PUC that snow-melting equipment under driveways and rooftops uses an inordinate amount of gas compared to more conventional uses, and thus the utility wants authority to involuntarily curtail the snow-melting gas use in the midst of peak demand times. Existing customers now can volunteer to be interrupted. In exchange for the interruptible status, new and volunteering existing snow-melt customers would be given a lower rate.
Raised
Articles from Raised
Goldman Cuts 2010 Price Forecast
Goldman Sachs last week raised its 2010 gas production forecast and lowered its New York Mercantile Exchange (Nymex) price forecast for the year to $6/MMBtu from $7.30/MMBtu. The firm also introduced a 2011 Nymex forecast of $6.50/MMBtu.
Goldman Cuts 2010 Price Forecast, Cites ‘Resilient’ Production
Goldman Sachs on Thursday raised its 2010 gas production forecast and lowered its New York Mercantile Exchange (Nymex) price forecast for the year to $6/MMBtu from $7.30/MMBtu. The firm also introduced a 2011 Nymex forecast of $6.50/MMBtu.
Spain No Green ‘Model,’ Study Alleges
Doubts have been raised by a western U.S. business organization about the Obama administration’s green jobs goals based on the results of a Spanish university economist’s study that contends Spain’s government-subsidized program has destroyed 2.2 jobs for every new green job created. The Western Business Roundtable, an advocacy group, said this should cause the Obama administration to think twice about citing Spain as a “model” for what the United States should do.
Spain Not ‘Model’ for Green Jobs, Study Alleges
Doubts have been raised by a western U.S. business organization about the Obama administration’s green jobs goals based on the results of a Spanish university economist’s study that contends Spain’s government-subsidized program has destroyed 2.2 jobs for every new green job created. The Western Business Roundtable said this should cause the Obama administration to think twice about citing Spain as a “model” for what the United States should do.
EIA Sees Rapid Shale Growth, Lesser Role for LNG
The Energy Information Administration in its latest Annual Energy Outlook (AEO2009) Tuesday raised its projection for domestic natural gas production and demand in the coming decades, citing the continued rapid growth in gas shale development and demand for gas by power generators. But it predicts a smaller role for imports of liquefied natural gas (LNG) in the years ahead.
El Paso Raises $438M in High-Yield Offering
El Paso Corp. Tuesday said it raised about $438 million in an offering of senior notes due Dec. 12, 2013. The proceeds will be used for general purposes, including repayment of debt due in 2009.
Energy Transfer Partners Completes Two Texas Projects
Energy Transfer Partners LP (ETP) raised its gas pipeline transportation capacity out of the prolific Barnett Shale of North Texas to more than 3.5 Bcf/d with the completion of two projects: the 135-mile, 36-inch diameter Paris Loop pipeline and the 25-mile, 36-inch diameter Maypearl to Malone pipeline.
Energy Transfer Partners Completes Two Texas Projects
Energy Transfer Partners LP (ETP) has raised its gas pipeline transportation capacity out of the prolific Barnett Shale of North Texas to more than 3.5 Bcf/d with the completion of two projects: the 135-mile, 36-inch diameter Paris Loop pipeline and the 25-mile, 36-inch diameter Maypearl to Malone pipeline.
Raymond James Ups Forecast But Warns of Possible Price Collapse
Analysts at Raymond James & Associates Inc. raised their 2008 gas price forecast to $10/Mcf from $8/Mcf and said they expected stronger summer prices due to recent weather that has been colder than average, low imports of liquefied natural gas (LNG) and ongoing repairs at Independence Hub in the Gulf of Mexico.
